The Committee on Economic and Monetary Affairs of the European Parliament has recently issued a draft report on the proposal for a directive of the European Parliament and of the Council on credit servicers, credit purchasers and the recovery of collateral. Rapporteurs de Lange and Gualtieri suggest various amendments to the draft directive including, without limitation, the deletion of Title V, which section outlines the framework for accelerated extrajudicial collateral enforcement.

Draft Report

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